New Risk • Jun 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (S$11.2m market cap, or US$8.65m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Jun 01
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: S$364k (US$285k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-S$6.7m free cash flow). Revenue is less than US$1m (S$364k revenue, or US$285k). Market cap is less than US$10m (S$10.9m market cap, or US$8.55m). New Risk • Mar 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$12.7m (US$9.88m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (S$12.7m market cap, or US$9.88m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (S$15.0m market cap, or US$11.8m). Announcement • Dec 29
Digilife Technologies Limited to Report Fiscal Year 2026 Results on May 30, 2026 Digilife Technologies Limited announced that they will report fiscal year 2026 results at 5:00 PM, Singapore Standard Time on May 30, 2026 Announcement • Oct 02
Digilife Technologies Limited (Catalist:BAI) entered into a sale and purchase agreement to acquire 51% stake in Brimax AAC Products LLP from Dineshbhai Devasi, Badrilal Vanghabhai Devasi, Prabhulal Murji Dholu, Bhavesh Prabhulal Dholu and Nikul Prabhulal Dholu for approximately INR 340 million. Digilife Technologies Limited (Catalist:BAI) entered into a sale and purchase agreement to acquire 51% stake in Brimax AAC Products LLP from Dineshbhai Devasi, Badrilal Vanghabhai Devasi, Prabhulal Murji Dholu, Bhavesh Prabhulal Dholu and Nikul Prabhulal Dholu for approximately INR 340 million on September 30, 2025. A cash consideration of INR 336.6 million will be paid by Digilife Technologies Limited. As part of consideration, INR 336.6 million is paid towards common equity of Brimax AAC Products LLP. The transaction will be financed through internally generate funds.
For the period ending March 31, 2025, Brimax AAC Products LLP reported net loss of approximately INR 80.7 million. As of March 31, 2025, Dalian Brimax AAC Products LLP reported total common equity of approximately CNY 260 million.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders, approval of offer by acquirer board, approval/consents of lenders/creditors and consummation of due diligence investigation. The expected completion of the transaction is on or before November 15, 2025.
PrimePartners Corporate Finance Pte. Ltd. acted as financial advisor for Digilife Technologies Limited. Reported Earnings • Aug 16
First half 2025 earnings released First half 2025 results: Net loss: S$597.0k (down S$733.0k from profit in 1H 2024). Announcement • Jul 02
NFT Digital Pte. Ltd. acquired Modi Indonesia 2020 Pte. Ltd. from Digilife Technologies Limited (Catalist:BAI) for SGD 7.6 million. NFT Digital Pte. Ltd. entered into a share purchase agreement to acquire Modi Indonesia 2020 Pte. Ltd. from Digilife Technologies Limited (Catalist:BAI) for SGD 9.9 million on December 24, 2024. A cash consideration of SGD 9.92 million will be paid by NFT Digital for 17,740,946 shares. The transaction is subject to approval by regulatory board / committee.
The transaction is subject to the approval of offer by target shareholders. As of January 31, 2025, the transaction has been approved by Digilife Technologies Limited shareholders.
As of February 18, 2025, NFT Digital Pte. Ltd. has decided to waive the fulfilment of the outstanding condition precedent on or prior to Tranche 1 Completion pursuant to a written waiver notice. Pursuant to the waiver notice, NFT Digital Pte. Ltd. waives the operation of the outstanding conditions precedent until Tranche 2 Completion or 180 days from February 10, 2025. Pursuant to the Tranche 1 Completion, NFT Digital Pte. Ltd. has completed the acquisition of 60% stake in Modi Indonesia 2020 Pte. Ltd. from Digilife Technologies Limited on February 18, 2025.
NFT Digital Pte. Ltd. completed the acquisition of Modi Indonesia 2020 Pte. Ltd. from Digilife Technologies Limited (Catalist:BAI) for SGD 7.6 million on June 30, 2025. NFT Digital Pte. Ltd. shall be entitled to retain a portion of the Tranche 2 Consideration on Tranche 2 Completion, equivalent to the SGD 2,016,132 shortfall between the Reference NTA and the Completion NTA. Consequently, the Tranche 2 Consideration is reduced to SGD 1,951,868. As of June 30, 2025, the Outstanding Condition Precedent remains unfulfilled due to anticipated delays and risks in obtaining formal approvals from telecommunication service providers, which could affect distribution contracts. Digilife Technologies Limited and the involved parties have agreed to proceed with Tranche 2 Completion, implementing a further reduction of SGD 300,000 in addition to the NTA Adjustment, resulting in a final Tranche 2 Consideration of SGD 1,651,868. Digilife Technologies Limited received the final tranche 2 consideration from NFT Digital Pte. Ltd. Reported Earnings • Apr 17
Full year 2024 earnings released: S$0.027 loss per share (vs S$0.05 loss in FY 2023) Full year 2024 results: S$0.027 loss per share (improved from S$0.05 loss in FY 2023). Revenue: S$12.6m (flat on FY 2023). Net loss: S$361.0k (loss narrowed 46% from FY 2023). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Apr 15
Digilife Technologies Limited, Annual General Meeting, Apr 30, 2025 Digilife Technologies Limited, Annual General Meeting, Apr 30, 2025, at 11:30 Singapore Standard Time. Location: the hive, level 9 lounge, 1 north bridge road, 08-08, singapore 179094, Singapore Reported Earnings • Mar 03
Full year 2024 earnings released Full year 2024 results: Revenue: S$12.6m (down 94% from FY 2023). Net loss: S$4.03m (down S$4.66m from profit in FY 2023). New Risk • Feb 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (S$12.2m market cap, or US$9.06m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Jan 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$13.7m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to S$1.40, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 18x in the Wireless Telecom industry in Asia. Total returns to shareholders of 11% over the past three years. Reported Earnings • Aug 06
First half 2024 earnings released: EPS: S$0.01 (vs S$0.011 in 1H 2023) First half 2024 results: EPS: S$0.01 (down from S$0.011 in 1H 2023). Revenue: S$103.3m (down 5.0% from 1H 2023). Net income: S$136.0k (down 6.8% from 1H 2023). Profit margin: 0.1% (in line with 1H 2023). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • May 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Singaporean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (S$18.5m market cap, or US$13.7m). Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to S$1.57, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 19x in the Wireless Telecom industry in Asia. Total loss to shareholders of 37% over the past three years. Reported Earnings • Apr 16
Full year 2023 earnings released: EPS: S$0.047 (vs S$0.033 in FY 2022) Full year 2023 results: EPS: S$0.047 (up from S$0.033 in FY 2022). Revenue: S$217.1m (down 6.2% from FY 2022). Net income: S$631.0k (up 41% from FY 2022). Profit margin: 0.3% (up from 0.2% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Apr 12
Digilife Technologies Limited, Annual General Meeting, Apr 29, 2024 Digilife Technologies Limited, Annual General Meeting, Apr 29, 2024, at 11:00 Singapore Standard Time. Location: The Hive, North Bridge Road, 1 North Bridge Rd, #08-08, Singapore 179094 Singapore Agenda: To receive and adopt the Directors' Statement and the Audited Financial Statements of the Company for the financial year ending 31 December 2023 together with the Auditors' Report thereon; to re-elect the Directors; to re-appoint Moore Stephens LLP as the Auditors of the Company and to authorise the Directors of the Company to fix their remuneration; to transact any other ordinary business which may properly be transacted at an Annual General Meeting. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to S$1.91, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 19x in the Wireless Telecom industry in Asia. Total loss to shareholders of 29% over the past three years. New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (S$22.4m market cap, or US$16.6m). Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to S$1.38, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 19x in the Wireless Telecom industry in Asia. Total returns to shareholders of 7.0% over the past three years. Reported Earnings • Aug 16
First half 2023 earnings released: EPS: S$0.011 (vs S$0.01 in 1H 2022) First half 2023 results: EPS: S$0.011 (up from S$0.01 in 1H 2022). Revenue: S$108.7m (down 5.3% from 1H 2022). Net income: S$146.0k (up 9.0% from 1H 2022). Profit margin: 0.1% (in line with 1H 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Jul 29
Digilife Technologies Limited Appoints Tay Wee Meng as Non-Executive Director, Member of the Audit Committee, Remuneration Committee and Nominating Committee Digilife Technologies Limited appointed Mr. Tay Wee Meng as Independent Non-Executive Director. Following his appointment, Mr. Tay will be a member of the Audit Committee, Remuneration Committee and Nominating Committee, effective July 28, 2023. He is Director in Bog Oak Pte. Ltd. since 28-Nov-22. 2. Chairman in Infracrowd Capital Pte. Ltd. since 1-Nov-22. 3. Associate Professor (Practice), UN SDG Research Lab since 1-Oct-22. 4. Steering Committee Member, Sustainable Tropical Data Centre Testbed since 1-Jun-22. 5. Honorary Treasurer in SG Tech, Singapore Enterprise Chapter since 1-Sep-21 6. Chairman, Advisory Board, Asia Pacific, Huawei Sparks since 1-Aug-21. 7. Fellow, Singapore Centre of Social Enterprise since 1-Sep-20. 8. Director in Blue Ocean Image Sdn. Bhd since 14-Dec-11. (Dormant) 9. Director in Athena Coffee Malaysia Sdn. Bhd since 26-Nov-09. Past 10 years 1. Director & CEO, Sistema Asia Capital Pte. Ltd. till 17-Nov-22. 2. Chairman, Scrutinizing Committee, Singapore Indian Chamber of Commerce. till 15-Jun-22. 3. Director, Singapore Luxury Investment Holdings Pte. Ltd. till 25-Feb-20. 4. Director, Zheng He Foundation Ltd. till 25-Feb-2020. 5. Partner, TGVIST Pte. Ltd. (Struck off) till 18-Oct-19. 6. Director, Jupiter Ventures Pte. Ltd. (Struck off) till 14-Jun-19. 7. Director, Zenithus Asia Pte. Ltd. (Struck off) till 17-Oct-18. 8. Director, Jiang Shan (Singapore) Holdings Pte. Ltd. (Struck off) till 31-Mar-17. 9. Director, Jiang Shan Power Holdings Pte. Ltd. (Struck off) till 31-Mar-17. 10. Director, Blue Ocean Expo (Singapore) Pte. Ltd. (Struck off) till 4-Apr-13. He did The National University of Singapore- Degree of Bachelor of Engineering The United Nations Institute of Training and Research (UNITAR) - Associate Professor (Practice). Following the above changes, the composition of the Board and the relevant Board Committees of the Company shall be as follows: Board of Directors: Ms. Chada Anitha Reddy (Executive Chairperson); Mr. Sudip Bandyopadhyay (Lead Independent & Non-Executive Director); Mr. Rajesh Pahwa (Independent & Non-Executive Director); Mr. Tay Wee Meng (Independent & Non-Executive Director) and Mr. Mukesh Khetan (Executive Director and Group Chief Executive Officer). Audit Committee: Mr. Sudip Bandyopadhyay - Chairman; Mr. Rajesh Pahwa - Member and Mr. Tay Wee Meng - Member. Remuneration Committee: Mr. Sudip Bandyopadhyay - Chairman; Mr. Rajesh Pahwa - Member and Mr. Tay Wee Meng - Member. Nominating Committee: Mr. Sudip Bandyopadhyay - Chairman; Mr. Rajesh Pahwa - Member and Mr. Tay Wee Meng - Member. Board Change • Jul 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Executive Director Chada Anitha Reddy is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 27
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Executive Director Chada Anitha Reddy is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • May 25
Digilife Technologies Limited Announces Director Changes Digilife Technologies Limited in its AGM approved Mr. Doraraj S and Mr. Tushar s/o Pritamlal Doshi who were retiring as Directors of the Companypursuant to Regulation 89 of the Company's Constitution had decided not to seek re-election at the Meeting. Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to S$2.12, the stock trades at a trailing P/E ratio of 63.2x. Average trailing P/E is 19x in the Wireless Telecom industry in Asia. Total returns to shareholders of 64% over the past three years. Announcement • May 12
Digilife Technologies Limited Announces Appointment of Rajesh Pahwa as Independent Non-Executive Director and Member of Audit Committee, Remuneration Committee and Nominating Committee Digilife Technologies Limited announced appointment of Mr. Rajesh Pahwa as Independent Non-Executive Director of the Company and Member of Audit Committee, Remuneration Committee and Nominating Committee. Working Experience: 2010 to present - Managing Partner, Finedge Capital Pte Ltd. and Professional Qualifications: Nanyang Business School, Nanyang Technology University, Singapore- Master of Business Administration (Banking and Finance) Sapient College, Singapore- SAP Certified Consultant Institute Of Chartered Accountants of India- Chartered Accountant Bachelor Of Commerce (Honours)- University Of Delhi, India. changes to the board composition and board committees: Dr. Bhupendra Kumar Modi (Executive Chairman and Group Chief Executive Officer), Mr. Sudip Bandyopadhyay (Lead Independent & Non-Executive Director), Mr. Rajesh Pahwa (Independent & Non-Executive Director) and Ms. Chada Anitha Reddy (Executive Director). Audit Committee: Mr. Sudip Bandyopadhyay Chairman and Mr. Rajesh Pahwa Member. Remuneration Committee: Mr. Sudip Bandyopadhyay Chairman and Mr. Rajesh Pahwa Member and Nominating Committee: Mr. Sudip Bandyopadhyay Chairman and Mr. Rajesh Pahwa Member. Board Change • May 05
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Lead Independent Director Sudip Bandyopadhyay was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to S$2.36, the stock trades at a trailing P/E ratio of 70.5x. Average trailing P/E is 19x in the Wireless Telecom industry in Asia. Total returns to shareholders of 41% over the past three years. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: S$241.7m (down 8.4% from FY 2020). Net loss: S$4.32m (loss widened 53% from FY 2020). Revenue was in line with analyst estimates. Executive Departure • Sep 07
Company Secretary Yi Hwa Kim has left the company On the 30th of August, Yi Hwa Kim's tenure as Company Secretary ended after 8.4 years in the role. We don't have any record of a personal shareholding under Yi Hwa's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 3.00 years. Executive Departure • May 14
Non-Independent Non-Executive Director has left the company On the 5th of May, Chada Anitha Reddy's tenure as Non-Independent Non-Executive Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Chada Anitha's name. A total of 3 executives have left over the last 12 months. Executive Departure • May 01
Executive Officer has left the company On the 30th of April, Maneesh Tripathi's tenure as Executive Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Maneesh's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Apr 10
Full year 2020 earnings released: S$0.24 loss per share (vs S$0.088 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: S$264.0m (down 9.2% from FY 2019). Net loss: S$2.83m (down 371% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Mar 18
Non-Independent Chairman of the Board recently bought S$79k worth of stock On the 17th of March, Bhupendra Kumar Modi bought around 52k shares on-market at roughly S$1.52 per share. This was the largest purchase by an insider in the last 3 months. Bhupendra Kumar has been a buyer over the last 12 months, purchasing a net total of S$161k worth in shares. Is New 90 Day High Low • Mar 10
New 90-day high: S$1.61 The company is up 29% from its price of S$1.25 on 10 December 2020. The Singaporean market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Wireless Telecom industry, which is up 14% over the same period. Reported Earnings • Feb 27
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: S$264.0m (down 9.2% from FY 2019). Net loss: S$2.83m (down 371% from profit in FY 2019).